--- title: Retail Installment Contracts- California description: Learn how Retail Installment Contracts work --- [Skip to content](https://knowledge.gotitus.com/retail-installment-contracts#main-content) English Show submenu for translations ![](https://knowledge.gotitus.com/hs-fs/hubfs/Titus%20Logo-1.png?width=100&height=34&name=Titus%20Logo-1.png) Open main navigation Close main navigation - English Show submenu for translations - [Contact us](https://www.gotitus.com/support) [Contact us](https://www.gotitus.com/support) How can we help you? - There are no suggestions because the search field is empty. 1. [Titus Knowledge Base](https://knowledge.gotitus.com/?hsLang=en) 2. [Pay at Close Financing](https://knowledge.gotitus.com/pay-at-close-financing?hsLang=en) 3. [Disputes & State Specific](https://knowledge.gotitus.com/pay-at-close-financing?hsLang=en#disputes-state-specific) # Retail Installment Contracts- California ## Please note: Retail installment contracts are only available for businesses and their customers located in California. A retail installment contract allows you to offer your customers the option to defer payment until the home sells. In other words, you can say, “You can pay this balance, plus an agreed-upon rate, at closing.” When a customer chooses to defer payment, you can then sell that contract to Titus at a small discount. Once Titus purchases the contract, Titus becomes responsible for collecting repayment at close. We know the legal terms can feel confusing. If you have any questions, please don’t hesitate to reach out to our support team. #### **Frequently Asked Questions** ##### **What are the qualification criteria?** ###### **Agents must meet:** - Credit score of 640+ - Active real estate license in the state - Payment must be less than half of expected commission - Signed listing agreement **Home sellers must meet:** - Credit score of 640+ - Verified property ownership - Minimum 20% equity in the home - Signed listing agreement ##### **Will applying impact credit scores?** - Only a soft credit pull is performed during the application - No impact on credit score when applying - If a borrower defaults or fails to repay, delinquency may be reported to credit bureaus ##### **What are the fees for pay at close?** - Borrowers qualify for a risk-based flat fee ranging from **0% to 8%**, based on credit - Example: - 750 credit score → qualifies for 4% - If $1000 is borrowed, repayment = $1000 + 4% ($40) = **$1040** ##### **What type of properties can pay at close be used for?** - Residential homes listed for sale - Includes: - Single-family homes - Condos - Townhomes - 1–4 unit properties - Cannot be used for: - Commercial properties - Rentals - Land ##### **Can I use pay at close if I need to extend the staging?** - Yes, you can reapply for more pay-at-close funds - Home must still be actively listed for sale - Must be within 6 months of first applying ##### **When are the pay-at-close funds due?** Funds are due at the **earliest** of: - When the home sells - Six months from the application date - If the listing is canceled or withdrawn ##### **How does payback work?** - Once the home goes under contract, you’ll receive a notification to add closing date and contact info for escrow/title/company/attorney - A payoff invoice will be emailed to closing team - Repayment is taken from sale proceeds ##### **What if the home doesn’t sell?** **For home sellers:** - Can repay over **six additional months** at **18% APR** **For agents:** - Can roll the funds to another active listing - Transfer fee applies ### Need help? 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